Need to explain these 3 graphs in own words. ( explain in short ) 4-Data Table and Visual Representation4.1- Data TableIn the table below, we will see the change in the economicdata of the USA from 2017 to 2020.Variable/Year2017 ► 20184-year average2019 - 202055,886 53,748Real GDP/Capita53,36354,95354,488Growth Rate of Real GDP/Capita1,72,51,7-4,30,4Inflation Rate2,132,441,811,231,9Unemployment Rate4,363,93,678,315,06Interest Rate4,23,994,463,724,09Bank Rate3,754,55,54,754,63Exchange Rate118,54109,57114,96115,13144,55Supply of Money3,613,983,993,834.2- Diagrams4.2.1-Real GDP/ Capita Diagram56,5565554,55453,55352,552GDP/Capita2017 2018 2019 20204.2.2-Growth Rate of Real GDP/Capita210Growth Rate of Real GDP/Capital2017 2018 2019 2020Inflation Rate2017 2018 2019 2020-1-24.2.3-Inflation Rate2,521,510.504.2.4- Unemployment Rate

The Real GDP/Capita, Growth rate of Real GDP/Capita, Inflation rates, interest rates, bank rate, etc…

4.1- Data Table In the table below, we will see the change in the economic data of the USA from 2017 to 2020. Variable/Year 2017 2018 2019 2020 4-year average Real GDP/Capita 53,363 54,953 54,488 Growth Rate of Real GDP/Capita 1,7 2,5 0,4 Inflation Rate 2,13 2,44 1,9 4,36 3,9 5,06 Unemployment Rate Interest Rate 4,2 3,99 4,09 Bank Rate 3,75 4,5 4,63 Exchange Rate 118,54 144,55 109,57 3,75 Supply of Money 3,61 3.83 4.2- Diagrams 55,886 1,7 1,81 3,67 4,46 5,5 114,96 3,98 53,748 1,23 8,31 3,72 4,75 115,13 3,99

4.1- Data Table In the table below, we will see the change in the economic data of the USA from 2017 to 2020. Variable/Year 2017 2018 2019 2020 4-year average Real GDP/Capita 53,363 54,953 54,488 Growth Rate of Real GDP/Capita 1,7 2,5 0,4 Inflation Rate 2,13 2,44 1,9 4,36 3,9 5,06 Unemployment Rate Interest Rate 4,2 3,99 4,09 Bank Rate 3,75 4,5 4,63 Exchange Rate 118,54 144,55 109,57 3,75 Supply of Money 3,61 3.83 4.2- Diagrams 55,886 1,7 1,81 3,67 4,46 5,5 114,96 3,98 53,748 1,23 8,31 3,72 4,75 115,13 3,99

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1.Prepare a table with MC, ATC, AVC and AFC curves. Be sure to INCLUDE NUMBERS IN YOUR GRAPH. ALSO, PLOT THE CURVES Please create a picture illustration using the provided instructions. Example numbers may be used to complete the question. Please include details as I need an understanding of the material. If you don't understand the question skip it please.
explain how the curve shift on a graph and why they shift
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2. Inputs and outputs Kevin's Performance Pizza is a small restaurant in Chicago that sells gluten-free pizzas. Kevin's very tiny kitchen has barely enough room for the two ovens in which his workers bake the pizzas. Kevin signed a lease obligating him to pay the rent for the two ovens for the next year. Because of this, and because Kevin's kitchen cannot fit more than two ovens, Kevin cannot change the number of ovens he uses in his production of pizzas in the short "un. 因 However, Kevin's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Kevin lets them know how many workers he needs for each day of the week. In the short run, these workers are inputs, and the ovens are inputs. Kevin's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Labor Output Marginal Product of Labor (Number of workers) (Pizzas) (Pizzas) 1.…
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Please give an explanation on how to solve this
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